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Jan 17, 2013
01/13
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CSPAN
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finally, on the federal budget deficit and debt, the committee sees that the budget deficit will continue to decline over the next two years. but we do not characterize the debt and deficit at unsustainably high levels. we do think the deficit is reduced to $925 billion in 2013 and narrowed further, to $728 billion in 2014. that is down from $1.1 trillion last year. that gives you an overview of the committee consensus opinion and i would be happy to answer any additional questions you might how about the committee's outlook. i will be happy to entertain other questions as well. yes? >> just to clarify a little bit on the gdp dragon on the tax hike, was that on the payroll and income tax increases? >> that is correct. >> the 1.25% dragon, was out for the whole year? -- the 1.25% drag, was that for the whole year? >> we think it will be for the whole year of fiscal 2013. >> with the labour market and some improvement on as quick as it was, without just -- there was some sentiment that it might be slowing down. >> we are seeing drags on consumer spending, but also from the ongoing recession
finally, on the federal budget deficit and debt, the committee sees that the budget deficit will continue to decline over the next two years. but we do not characterize the debt and deficit at unsustainably high levels. we do think the deficit is reduced to $925 billion in 2013 and narrowed further, to $728 billion in 2014. that is down from $1.1 trillion last year. that gives you an overview of the committee consensus opinion and i would be happy to answer any additional questions you might...
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Jan 16, 2013
01/13
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WBFF
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taxeesafttr deficits of two billion dollarsin recent years...the governor telll &preporterss..the worst is over. his says his operating and capptal budgetswill accelerate - a variety of consttucttonn-3 43-thousandjobs..- 3 (governor) "so everything about his budgee we examine throuuh the lens of whht will this meen for accelerating maryland's jobs reeovvrr and geeting more of our eople work."but the governor reffsed to ssy whether he wwll seek a hike in eithertheesales tax or gas tax...to payfoorhhghways and mass transitt 3 maayland officials labee thhs pear's inffuenza as 'wideepread.' ''idesppeed.'paul gessler protect yourself with a flu shot.paul-- & 3 itts onee hing to hear these pleas from health officials... but, i talkee to a family who paiifully knows all too welll.. how serious the flu pan be..--3 be. 3&pkrista respass, mother:"in every room, theee's a piece of jonah here, too."flu seasoo hits the espass family harder than most.krista: "you cut his hairr nd he looks like a baby again."their son, jonah, died five yearr ago.krista 3 sudden cardiac arrest, as a reeulttof the flu--
taxeesafttr deficits of two billion dollarsin recent years...the governor telll &preporterss..the worst is over. his says his operating and capptal budgetswill accelerate - a variety of consttucttonn-3 43-thousandjobs..- 3 (governor) "so everything about his budgee we examine throuuh the lens of whht will this meen for accelerating maryland's jobs reeovvrr and geeting more of our eople work."but the governor reffsed to ssy whether he wwll seek a hike in eithertheesales tax or gas...
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Jan 18, 2013
01/13
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CSPAN
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he is a deficit hawk. more important than that he is a thoughtful and conscious -- voice of a conscious for the senate throughout his term on fiscal responsibility. we worked together in a very effective way to try to bring some sort of bipartisan effort into the requirement that we do something about the debt. it was really, as was mentioned, an idea that we came up with on a long plane ride i think to central america to put together a commission that then threw into the simpson bowls proposal that has become the defining memo for the effort to try to get that is under control. bob zoellick is fond of quoting a friend of his, the foreign minister of australia. we met a few months ago who said to him the united states is one debt deal away from leading the world out of fiscal chaos and disruption. we are. we truly are. we are a nation on the brink of massive economic expansion. from the place that can't is from, north dakota, you see the change in the paradigm on energy. we will go from importing country t
he is a deficit hawk. more important than that he is a thoughtful and conscious -- voice of a conscious for the senate throughout his term on fiscal responsibility. we worked together in a very effective way to try to bring some sort of bipartisan effort into the requirement that we do something about the debt. it was really, as was mentioned, an idea that we came up with on a long plane ride i think to central america to put together a commission that then threw into the simpson bowls proposal...
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Jan 21, 2013
01/13
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FOXNEWS
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he went on at a time of deficits being front and center to talk about debt and deficits on capitol hill. he was very aggressive defending entitlement such as social security and medicare and medicaid. in this address, the president signals he believes he has a mandate. he will be aggressive about pushing change in the second term. >>shepard: some of the change, can you make the argument it could happen? republicans are coming around on immigration issues. the polls suggest gay rights issue is taking a turn, as well, right? >>reporter: no question. he was able to pass the health care bill in the first term. the second term, in part, will be about implementing that law that republicans opposed but, obviously, chief justice roberts was the justice that helped decide that, in fact, it is the law of the land. the president, we should note, suggested he is going to reach out to republicans. he started the day at st. john's church across lafayette park, a little prayer service, and the pastor talked about how the pastor in chief in recent days in places like newtown, connecticut, has to reach
he went on at a time of deficits being front and center to talk about debt and deficits on capitol hill. he was very aggressive defending entitlement such as social security and medicare and medicaid. in this address, the president signals he believes he has a mandate. he will be aggressive about pushing change in the second term. >>shepard: some of the change, can you make the argument it could happen? republicans are coming around on immigration issues. the polls suggest gay rights...
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Jan 15, 2013
01/13
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MSNBCW
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fiscal cliff, deficit, every single issue. the president's bills never go on the floor of the senate. there are bills that mcconnell agrees to before they reach the floor. because otherwise they can't proceed. one of these reforms that senator merkley talked about is just no more motion to proceed. the majority leader can put a bill on the floor. this is out of control. >> now, let me show you your union's advertising campaign against the filibuster. and let me just show you that first. then i want to ask a question. >> as climate change threatens the world we leave to our children and good u.s. jobs move overseas, time in the senate ticks by. it keeps ticking by with no results. because the system is broken. but we can fix it. and make the senate work for us again. >> people are stunned when they find out it was not majority vote. that one senator can just stop the process. is it your hope and the hope of cwa that when you do ads like this that the public will put pressure on their senators to reform this and just make it fai
fiscal cliff, deficit, every single issue. the president's bills never go on the floor of the senate. there are bills that mcconnell agrees to before they reach the floor. because otherwise they can't proceed. one of these reforms that senator merkley talked about is just no more motion to proceed. the majority leader can put a bill on the floor. this is out of control. >> now, let me show you your union's advertising campaign against the filibuster. and let me just show you that first....
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Jan 21, 2013
01/13
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FOXNEWSW
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and the size of our deficit. but we reject the belief that america must choose between caring for the generation that built this country and investing in the general haitian that will build this future. >> dana: kimberly, by suggesting they reject it, must mean somebody is proposing not taking care of the previous generation or the future generation. when some on the obama team say they are surprised that team sounded divisive for a lot of people. pundits but across the board, politico, et cetera. it must mean that somebody disagrees with it. i don't think that is what they were necessarily going for in this speech. >> kimberly: but that is how it came across. he is selling a clear line and it's continuing to be the shades of demonizing the right and the republicans that that is the party against everybody else. just wants to line their own pocket. they have a tremendous blow to the republican party by constantly portraying and defining them in a negative way. it obviously stuck, because the election, you got to
and the size of our deficit. but we reject the belief that america must choose between caring for the generation that built this country and investing in the general haitian that will build this future. >> dana: kimberly, by suggesting they reject it, must mean somebody is proposing not taking care of the previous generation or the future generation. when some on the obama team say they are surprised that team sounded divisive for a lot of people. pundits but across the board, politico,...
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Jan 21, 2013
01/13
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KNTV
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overcoming a 17-point deficit over the falcons to win the game. >> 17-0, coming back. what a win, san francisco. let's go. >> i'm never doubted it. my team is good on the road. i knew we would do it. no problems. our defense is tight. our offense is tight. we did it. we pulled it off. go 9ers! >> so glad the 9ers won. i'm ready to party it up all night. >> reporter: as game ended crowds emptied into the streets. and the city's mission district fans briefly overtook part of mission street but police were out in force and there was not the kind of violence or vandalism that followed the giants world series victory. san francisco mayor ed lee was seen in this twitter photo celebrating the 49ers victory this afternoon in washington, d.c. lee is in the nation's capital for the conference of mayors and president's inauguration. and mayor lee put out a statement congratulating the team tonight. we have a lot of happy fans here tonight. we're expecting the team to touchdown at the airport any minute and hopefully arrive here at the training facility within the next hour or so.
overcoming a 17-point deficit over the falcons to win the game. >> 17-0, coming back. what a win, san francisco. let's go. >> i'm never doubted it. my team is good on the road. i knew we would do it. no problems. our defense is tight. our offense is tight. we did it. we pulled it off. go 9ers! >> so glad the 9ers won. i'm ready to party it up all night. >> reporter: as game ended crowds emptied into the streets. and the city's mission district fans briefly overtook part...
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Jan 21, 2013
01/13
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FOXNEWSW
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make the hard choices to reduce the cost of healthcare and size of the deficit. we reject that they must choose between caring that built the country. >> like every president since fdr, mr. obama started his day early, with a prayer service at st. john's church. before departing the white house for the longest motorcades known to man for the rise to the capital. a star-studded affair. where else do you see paul ryan mingling with jay-z and beyonce who belted out the national anthem. >> the ceremony was over there was a stream of pomp and circumstance waiting. >> from signing papers to officially nominate the new cabinet to lunch with congressional leaders. then, of course, the parade. the first family could make the way back to the white house in that grand bulletproof review stand. yet all of that could wait because leaving the west front of the capitol, the president went off script to take in the vista of the national mall. mr. obama seemed to be taking in the moment. overheard saying he would never quite see this view again. as the president is set to sell th
make the hard choices to reduce the cost of healthcare and size of the deficit. we reject that they must choose between caring that built the country. >> like every president since fdr, mr. obama started his day early, with a prayer service at st. john's church. before departing the white house for the longest motorcades known to man for the rise to the capital. a star-studded affair. where else do you see paul ryan mingling with jay-z and beyonce who belted out the national anthem....
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Jan 19, 2013
01/13
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FOXNEWSW
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>> i think one thing that is clear this time around, the american people voted to reduce the deficit in a balanced way. they voted to pass the comprehensive immigration reform . 90 percent of the american public supports universal background checks and one of the things that campaign supporters will make sure, he has a man date every time to enact the changes and the house republicans are responsive to what the american people voted for and public opinion is . you will see a lot of the ground support in the weeks ahead. >> let me ask you a question. what about the divide that remains between the president and republicans? will he make more of an effort to find common ground? >> i think the president certainly has done an outreach on both sides of the aisle and on issue after issue, he's willing to put a traditional democratic party orthodoxy to pass it in a bipartisan way. this ultimately is a bipartisan organization that seeks support from both sides . the president is not going to abandon his core principles and he's not going to reduce the deficit on the backs of the poorest citiz
>> i think one thing that is clear this time around, the american people voted to reduce the deficit in a balanced way. they voted to pass the comprehensive immigration reform . 90 percent of the american public supports universal background checks and one of the things that campaign supporters will make sure, he has a man date every time to enact the changes and the house republicans are responsive to what the american people voted for and public opinion is . you will see a lot of the...
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Jan 14, 2013
01/13
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MSNBCW
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deficit would go up. i mean, we're talking about a very punishing thing that will affect american people who had nothing to do with what they're trying to object to or deal with. >> you oo >> you're absolutely right. congress spent that money. they spent it. whether they liked it or not, they were the ones who spent it. but it's more important than that. it's what you point out. the stakes here are really high for the republican party. far be it from you to advise the republican party. but if i did, i would say stay away from shutting the government down. stay away from letting the debt ceiling not be raised because those are things that the american people will hate. they'll hate us defaulting onli blame you for it. they'll hate us shutting the government down. if you want to make a stand, make it in the sequester. the sequester has a lot of things that are painful to the democrats and the president. that's the place to plak the stand. and, look, everyone agrees, every rational person agrees with michael
deficit would go up. i mean, we're talking about a very punishing thing that will affect american people who had nothing to do with what they're trying to object to or deal with. >> you oo >> you're absolutely right. congress spent that money. they spent it. whether they liked it or not, they were the ones who spent it. but it's more important than that. it's what you point out. the stakes here are really high for the republican party. far be it from you to advise the republican...
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Jan 18, 2013
01/13
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CSPAN
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., our deficit to g.d.p. down around 3%, which is the basis of all economists left, right and center all agree on the areas we can begin to grow as a country. and as my grandfather used to say with grace of god and goodwill of the neighbors, cooler heads will prevail now between now and the time we deal with the debt ceiling and we may meet the goal which we set out to do, which is to have roughly a $4 trillion cut over 10 years in the long-term deficit and to put us on that path. but i didn't come here to talk about any of those important subjects today, because as important as they all are today we have a more urgent and immediate call and that is how to deal with the epidemic of gun violence in america. you all know the statistics better than anyone so i'm not going to repeat them. on that score, i owe an incredible debt of gratitude to you at the head table and those of you in the room. i know we don't have unanimity in this ballroom nor do we in any ballroom, but we all acknowledge that we have to do som
., our deficit to g.d.p. down around 3%, which is the basis of all economists left, right and center all agree on the areas we can begin to grow as a country. and as my grandfather used to say with grace of god and goodwill of the neighbors, cooler heads will prevail now between now and the time we deal with the debt ceiling and we may meet the goal which we set out to do, which is to have roughly a $4 trillion cut over 10 years in the long-term deficit and to put us on that path. but i didn't...
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Jan 19, 2013
01/13
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CSPAN2
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the deficit let's walk back to the hotel, about to return miles we did. we walked back here. by this time it was good to be either to:00 at night and said i would pick him up in the morning and taken to the airport, which said it. i knew the flight. we got out that the airport. he did something which was very curious. it was with the minister had done with him. that is, just before he went tour is planned he turned around , put his suitcase down and threw his arms around me and give me a hug. it was a wonderful bond. the other story, to tell you is a very grim story. the most difficult part of the story is that we in the embassy been nothing about it. it turned out the ambassador did know anything about it. if we believe in civilian control the military is a heavy tank. the head to of supervised the creation of a new american cultural center not too far -- on the other side, just a block down from the hotel. so we had bought up this big old palace. we were turning it into a culture center. clinical trial an attache, and he was going to do it. we had three assists and cultural
the deficit let's walk back to the hotel, about to return miles we did. we walked back here. by this time it was good to be either to:00 at night and said i would pick him up in the morning and taken to the airport, which said it. i knew the flight. we got out that the airport. he did something which was very curious. it was with the minister had done with him. that is, just before he went tour is planned he turned around , put his suitcase down and threw his arms around me and give me a hug....
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Jan 19, 2013
01/13
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WUSA
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but as part of the deal senate democrats must agree on a budget that addresses long-term deficit reduction. if there's no agreement in three months, republicans propose that no one in congress gets paid. >>> and now we turn to our special presidential inauguration coverage. as washington prepares for two days of inaugural events we have the results of a new cbs/new york times poll. the pr begins his second term with a 51% approval rating. that's similar to what president bush had at the start of his second term. let's get more from white house senior correspondent bill plante who's about a mile from the white house. bill, good morning. >> reporter: good morning to you, rebecca. well as president obama's first term morphs into his second there's really no change to a jen da. but for the next couple of days a brief holiday from gridlock and a window for celebration. last-minute preparations are under way at the capitol where the president will take the oath of office and at the parade reviewing stand at the front of the white house. because the constitution says the presidential terms end at
but as part of the deal senate democrats must agree on a budget that addresses long-term deficit reduction. if there's no agreement in three months, republicans propose that no one in congress gets paid. >>> and now we turn to our special presidential inauguration coverage. as washington prepares for two days of inaugural events we have the results of a new cbs/new york times poll. the pr begins his second term with a 51% approval rating. that's similar to what president bush had at...
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Jan 20, 2013
01/13
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KPIX
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there's vast support out there for balanced deficit reduction investments in education and manufacturing, immigration reform, gun safety. so on the issues the president intends to really push and focus on, there's massive support in the country even among republicans. let's not lose sight of that, and that's why we're going to do a better job in the second term-- while we're going to do all we can to work with congress and negotiate, to also make sure the american people are connected to what's going on here. i think to really get the kind of change here in washington the american people are going to demand it. but there is really, i think consensus around eye lot of the issues around the country >> what about the idea the republicans have said they will go along with the three-month extension on the debt ceiling increase? are you going to be-- does that help? >> well, it's helpful that they have now dropped their demand, that the only way they're going to pay the country's billes, they themselves racked up, would be to extract some concessions. we've got to never again have this threat
there's vast support out there for balanced deficit reduction investments in education and manufacturing, immigration reform, gun safety. so on the issues the president intends to really push and focus on, there's massive support in the country even among republicans. let's not lose sight of that, and that's why we're going to do a better job in the second term-- while we're going to do all we can to work with congress and negotiate, to also make sure the american people are connected to what's...
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Jan 21, 2013
01/13
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KQED
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the 44th president after a first term that saw bruising battles over health care, financial reform, deficits and spending and more. the man they came to see began his day with a morning prayer service at st. john's episcopal, near the white house and often called the church of the presidents. he was joined by first lady michelle obama and their daughters malia and sasha as well as vice president biden, his wife jill and members of their family. afterward at the white house, they hosted a bipartisan group of congressional leaders for coffee and then the president began the drive down pennsylvania avenue. all the while lawmakers, other dignitaries and celebrities filled the seats on the west front of the capital. they included former presidents jimmy carter and his wife rosalyn and bill clinton accompanied by his wife, outgoing secretary of state hillary clinton. and then the formal entrances. the obama daughters were introduced to the crowd along with their grandmother marion robinson, the first lady's mother. they were followed by jill biden and by mrs. obama. >> ladies and gentlemen, the fi
the 44th president after a first term that saw bruising battles over health care, financial reform, deficits and spending and more. the man they came to see began his day with a morning prayer service at st. john's episcopal, near the white house and often called the church of the presidents. he was joined by first lady michelle obama and their daughters malia and sasha as well as vice president biden, his wife jill and members of their family. afterward at the white house, they hosted a...
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Jan 21, 2013
01/13
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CNNW
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action by the government and when you look at the biggest issue that we face of this era, it's the deficit. it's the trillion dollars of debt and the president didn't really talk about that. he talked about, we're not a nation of takers but that we've become a nation of debtors. >> the president clearly is a smart man, a smart politician. he's also a writer, a thoughtful person. if that is the speech, if the speech as ari described, why would he decide to give that speech? what's the political goal? >> this is the last time he's getting sworn in as president of the united states. that's why. i think it's martin luther king day. martin luther king was courageous. martin made this point earlier that perhaps the president had some sense of guilt about not doing gun control and that it took newtown to get him to do that and so this is the speech you get to give once and i think there may have been a sense he wanted to be aggressive because he could and because he had to set out what he believes he said, i'm not going to get all of it, don't let the perfect -- nothing can be perfect. but i do b
action by the government and when you look at the biggest issue that we face of this era, it's the deficit. it's the trillion dollars of debt and the president didn't really talk about that. he talked about, we're not a nation of takers but that we've become a nation of debtors. >> the president clearly is a smart man, a smart politician. he's also a writer, a thoughtful person. if that is the speech, if the speech as ari described, why would he decide to give that speech? what's the...
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Jan 21, 2013
01/13
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LINKTV
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. >> gun control, immigration reform, and deficit reduction. >> monday happens to be a federal holiday in the u.s.. >> what is memorable about this inauguration, it comes on martin luther king's birthday, the holiday we celebrate. he's using martin luther king jr.'s bible. he has got to take off from his great speech, i have a dream, back in 1963. and remember, martin luther king's dream did not only include ending segregation. it included ending needless wars, fighting poverty, and making america a more equal country. barack obama, tell us what your dream is for the second term and once that is over, once you have inspired us, go about the hard work of implementing that dream. it is a dream speech i am looking for. >> angela merkle. but the omens are not good. her coalition has just lost a regional election that was widely viewed as a test of public opinion. >> at first, it looked like the german chancellor's party would win. when the final ballots were counted, it became clear the democrats were on their way out. the results show the coalition of angela merkle's party or one seat beh
. >> gun control, immigration reform, and deficit reduction. >> monday happens to be a federal holiday in the u.s.. >> what is memorable about this inauguration, it comes on martin luther king's birthday, the holiday we celebrate. he's using martin luther king jr.'s bible. he has got to take off from his great speech, i have a dream, back in 1963. and remember, martin luther king's dream did not only include ending segregation. it included ending needless wars, fighting...
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Jan 20, 2013
01/13
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CSPAN
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two issues that you put on the table that the present will be facing, immigration, the debt and deficit. >> that is absolutely true, these will be two big issues. on the gun-control issue, but no one is talking about taking everyone's guns away. they are talking about sensible, common-sense measures to prevent some of the tragic incidents we have seen recently, in newtown, aurora, colorado. i think there will be time to get into the thick of these issues after tomorrow, but tomorrow will be a chance for the president, really, to bring the country together and say we need to reach common ground on some of the major problem we face. >> you were inside the bush white house. the president put on the table two big domestic agenda items, immigration reform, primarily because his own party said no, and social security reform. >>what advice would you give president obama, based on the lessons that you saw firsthand with president bush? >> the advice i would give to him is you cannot go wrong by doing what you promised you would do, by pressing the agenda and you promised the voters you promised
two issues that you put on the table that the present will be facing, immigration, the debt and deficit. >> that is absolutely true, these will be two big issues. on the gun-control issue, but no one is talking about taking everyone's guns away. they are talking about sensible, common-sense measures to prevent some of the tragic incidents we have seen recently, in newtown, aurora, colorado. i think there will be time to get into the thick of these issues after tomorrow, but tomorrow will...
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Jan 21, 2013
01/13
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KGO
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in the nfc, the 49ers overcame a 17-0 deficit against the dirty birds of atlanta. they finally locked it up for good in the fourth quarter when quarterback colin kaepernick found frank gore who rushed into the end zone. final score, 28-24. quite a game. >> in the afc, baltimore ravens quarterback joe flacco threw three touchdowns in the second half. the final blow was when the ravens' carey williams picked off tom brady in the end zone. it was the patriot's first-ever playoff championship loss at home. the final score, 28-13, ravens. >> and the super bowl in new orleans. one of our favorite cities in two weeks. it's crazy. you have the brother versus brother dynamic. and then ray lewis, his final season. got to the super bowl. willis is happy. >> that's a good story. i lived in baltimore for a couple of years. >> you worked for the ravens? >> yeah. my very good friend is the mayor, stephanie rollings-blake. so i may try to get over there. >> you've got a political hookup. you better get down there. >> i hope you're watching, stephanie. >> you're going to see sunny
in the nfc, the 49ers overcame a 17-0 deficit against the dirty birds of atlanta. they finally locked it up for good in the fourth quarter when quarterback colin kaepernick found frank gore who rushed into the end zone. final score, 28-24. quite a game. >> in the afc, baltimore ravens quarterback joe flacco threw three touchdowns in the second half. the final blow was when the ravens' carey williams picked off tom brady in the end zone. it was the patriot's first-ever playoff championship...
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Jan 21, 2013
01/13
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KPIX
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. >> and how the 49ers managed to overcome a 17 point deficit to earn a spot in the super bowl. >>> enjoy plenty of sunshine coming our way, but the major changes in the not too distant too much. >>> and heading south of gill roy, we're following a pretty bad accident. much more on this plus the rest of your morning driving coming up. >>> i'm michelle griego. >> i'm frank mallicoat it is 5 on this martin luther king day. and the 49ers of course, are heading off to the super bowl for the first time in nearly two decades. we're going to have much more on what's being dubbed the har bowl in just a couple of minutes. >>> inaugural ceremonies are about to get underway at the nation's capitol. they will honor civil rights leader martin luther king, the same day they celebrate the inauguration of the first african-american president to his second term and we will take a live look at the crowds gathering, about 900,000 people are expected to witness president obama recite the oath of office and here is the live look. there are a lot of people crowded there. susan mcginnis joins us live from washi
. >> and how the 49ers managed to overcome a 17 point deficit to earn a spot in the super bowl. >>> enjoy plenty of sunshine coming our way, but the major changes in the not too distant too much. >>> and heading south of gill roy, we're following a pretty bad accident. much more on this plus the rest of your morning driving coming up. >>> i'm michelle griego. >> i'm frank mallicoat it is 5 on this martin luther king day. and the 49ers of course, are...
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Jan 20, 2013
01/13
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MSNBC
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two, bring down the debt and deficit spending. those are -- >> a balanced way. i'm sure he'll use that language as well. >> a balanced way. opposing goals, but he intends to do them both. >> lynn, do you think we'll hear any talk of energy or climate change at all in the speech tomorrow? >> i do. i think climate change will be an added starter when we look at agenda goals, and i don't know if we had this discussion two months ago, even if curbing gun violence would have been something we would have thought would come up tomorrow. >> yeah. >> but i think that it is -- it is just something that the obama administration did not put a super emphasis on in the last four years and will be something that we'll hear about, in addition to the things that bill talked about. but i think somehow that obama will try to still cast himself as somebody who can try to bring more calm voice to civic discourse. i don't see how it could happen right away, because it didn't happen in the last four years. not sure how he can figure out how to navigate is this time. >> let's listen to
two, bring down the debt and deficit spending. those are -- >> a balanced way. i'm sure he'll use that language as well. >> a balanced way. opposing goals, but he intends to do them both. >> lynn, do you think we'll hear any talk of energy or climate change at all in the speech tomorrow? >> i do. i think climate change will be an added starter when we look at agenda goals, and i don't know if we had this discussion two months ago, even if curbing gun violence would have...
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Jan 18, 2013
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that's the point of that study and, of course, paul krugman reiterated that deficits are actually not bad, especially when you're in a recessionary environment and that we've actually cut a lot out of the spending. but my concern in all this, while $2.4 trillion is a lot of money to cut over ten years, i'm still concerned about the absolute amount of the debt outstanding which is $16.4 trillion because we've been getting a big break in recent years because the fed has kept interest rates so low. when those interest rates start ticking up, as they would when they end their quaun at this taf easing program and as they would if we don't get the debt ceiling raised, then that cost of interest expense is going to go through the roof. we could be spending as much as $500 billion a year on interest expense alone and that is not a good thing. >> all right. nbc's luke russert and bill cohen -- william cohen, sorry. thank you so much for joining me. >>> next, we'll go to the bous for all of the last-minute detai details. for you... ♪white house for all of the last-minute details. inging the h
that's the point of that study and, of course, paul krugman reiterated that deficits are actually not bad, especially when you're in a recessionary environment and that we've actually cut a lot out of the spending. but my concern in all this, while $2.4 trillion is a lot of money to cut over ten years, i'm still concerned about the absolute amount of the debt outstanding which is $16.4 trillion because we've been getting a big break in recent years because the fed has kept interest rates so...
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Jan 15, 2013
01/13
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down and would pay down the deficit. guest: i like the point you are making. a very close friend of mind in scranton is a jeep dealer. and he was going to sell a cherokee in beijing, it costs about $100,000 which is outrageous. they add all sorts of import and do the fees and that just will not happen here. we need to rethink some of these trade imbalances. for example, of the note to the big box retailer and you can see the big box retailers and the countries that do not have strict labor laws, workplace safety laws, environmental regulations to protect, in a sensible fashion, the economy. foreign countries can sell them cheaper the in this country and i think that applies to automobiles as well. maybe the way to have these sensible regulations is to have a sensible tax along the line you are talking about. host: we are talking with freshman democrat from pennsylvania, rep cartwright. next caller. caller: the definition of the fault is not being able to pay your bills. -- the definition of default is not being able to p
down and would pay down the deficit. guest: i like the point you are making. a very close friend of mind in scranton is a jeep dealer. and he was going to sell a cherokee in beijing, it costs about $100,000 which is outrageous. they add all sorts of import and do the fees and that just will not happen here. we need to rethink some of these trade imbalances. for example, of the note to the big box retailer and you can see the big box retailers and the countries that do not have strict labor...
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Jan 20, 2013
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we need a plan to slowly on the but surely walk our nation out of debt, deficit, and decline. this debatealf, -- is often argued in numbers and figures, but it is really about families like yours that bear the burden of a slow economy. constant uncertainty and ever changing government rules that cesare jobs overseas. de to day jobs pay less. -- day to day jobs pay less. we need to address the most pressing economic challenges. you deserve better. with the swearing in of a new congress and the inauguration of president obama, this is an opportunity for a new start. republicans will not provide a blank check for more spending and the rational borrowing and constant tax increases. we need to have a washington budget and not a family budget. budget and not a family budget.
we need a plan to slowly on the but surely walk our nation out of debt, deficit, and decline. this debatealf, -- is often argued in numbers and figures, but it is really about families like yours that bear the burden of a slow economy. constant uncertainty and ever changing government rules that cesare jobs overseas. de to day jobs pay less. -- day to day jobs pay less. we need to address the most pressing economic challenges. you deserve better. with the swearing in of a new congress and the...
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Jan 17, 2013
01/13
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you have the looming federal deficit, but you also have this deficit in infrastructure. what it takes to sustain mobility, the economy, society. we can't ignore one by taking care of the other. there has to be a package deal. the simpson-bowles commission recognized it had to be part of the package. you have to demand that transportation be part of this overall solution that is put together and get into whether ideas have a better chance of enactment. but what our stance is, if you simply go to the republican caucus and say, let's raise taxes, they'll throw you out of the room. but if you go to them with a proposition, can we reduce the deficit of $150 billion? can we make the program pay its own way and can we sustain jobs and the solvency of the highway trust fund all in one, i think we'll have something to go on. again, thank you so much for the cary award. we value this and i appreciate the recognition and we want to commitment our -- continue our commitment to research and debate opportunity to share with you the thoughts on this idea. what you heard the secretary s
you have the looming federal deficit, but you also have this deficit in infrastructure. what it takes to sustain mobility, the economy, society. we can't ignore one by taking care of the other. there has to be a package deal. the simpson-bowles commission recognized it had to be part of the package. you have to demand that transportation be part of this overall solution that is put together and get into whether ideas have a better chance of enactment. but what our stance is, if you simply go to...
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inferior content we must make the hard choices to reduce the cost of health care and the size of our deficit. but we were just the belief that america must choose between caring for the generation that built this country and investing in the generation that will build that future the future for this country still wide open and uncertain now when the crowds die down and the celebrations come to an end the president says he wants to get back to work immediately looking back you may remember his candidacy and his rise to power were built on a strong foundation of hope and change all this time around people say words won't be enough this time around people are expecting results in washington christine for sound our team. president obama kicks off a second term matter critical critical time for foreign policy from fear over iran's nuclear ambitions to uprisings in the middle east and now an increasingly volatile situation in north africa interestingly enough there was very little very little mention of foreign policy in the president's inauguration speech today what are our panel again now to dis
inferior content we must make the hard choices to reduce the cost of health care and the size of our deficit. but we were just the belief that america must choose between caring for the generation that built this country and investing in the generation that will build that future the future for this country still wide open and uncertain now when the crowds die down and the celebrations come to an end the president says he wants to get back to work immediately looking back you may remember his...
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Jan 20, 2013
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he believes the deficit is a problem and deficit reduction is a priority. when you look at the approval rate of americans on handling of the economy, it's split half and half with support for the president and 49% versus 48% disapproving. there's a little room to do a big thing. this president is a deficit hawk. >> i'm afraid ezra is right in describing what we are going to be obsessed with. there are a lot of big things left. we had inequality rising in the country for three decades. poverty going up because of the recession. it's a big problem in the country. we had the flight of manufacturing jobs until recently. there's a bit of a turn around there. it seems to me president obama's biggest priority should not be the deficit. it should be restoring shared economic growth. yes, we need to do something about the long term deficit. i think the big argument is going to be between people who want to argue that the whole deal is deficit reduction. let's spend all our time putting on our green eye shades and talking these numbers. ezra will be excellent in desc
he believes the deficit is a problem and deficit reduction is a priority. when you look at the approval rate of americans on handling of the economy, it's split half and half with support for the president and 49% versus 48% disapproving. there's a little room to do a big thing. this president is a deficit hawk. >> i'm afraid ezra is right in describing what we are going to be obsessed with. there are a lot of big things left. we had inequality rising in the country for three decades....
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Jan 20, 2013
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. >> the debt ceiling was raised in august the political fight in the spot lighted on the deficit and debt problems less s&p to downgrade the u.s. credit rating for the first time in history. >> geithner steered the major economic moves in the first term and now he is stepping down. president obama's pick to replace him is jack lew, who has established a close relationship with the president. lew is not is chummy with republicans on the hill after the debt ceiling negotiation back in 2011. for that reason and others, his confirmation hearing could be bumpy. if confirmed, he will be dealing with the top issue in this second term, how to get the economy moving and addressing the country's long term fiscal problems. >> this is a president that is forced to grapple with the budget woes, with the economy that cannot get over the hump. it will consume most of his time, i believe, in the second term. >> what he cannot do going into the term is go from economic crisis to economic crisis. that is not leadership. he has to figure out how to address this in a broader policy way. our health care
. >> the debt ceiling was raised in august the political fight in the spot lighted on the deficit and debt problems less s&p to downgrade the u.s. credit rating for the first time in history. >> geithner steered the major economic moves in the first term and now he is stepping down. president obama's pick to replace him is jack lew, who has established a close relationship with the president. lew is not is chummy with republicans on the hill after the debt ceiling negotiation...
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Jan 16, 2013
01/13
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guest: we have had some deficit reduction. as the president laid out a couple days ago, we have had over $2 trillion. we had 1.5 trillion that came from previous actions. and then we added just a few days ago some further deficit reductions through some increased taxes on the very wealthy of this country. so we have already begun to undertake a deficit-reduction. to use that as a reason to use the debt ceiling as a weapon is really playing with fire. they say pay some bills and not pay others. we have never tried that before. host: is it feasible? guest: i don't think so. which bills? social security? veterans? people out fighting for this country? which bills you pay? we never tried that. i think the president put it so well. this is not a dead beat nation, really. i think common sense is likely to prevail within the republican ranks. i know firsthand, second-hand, but much of the leadership within the house republican caucus, some of them realize the potential consequences. host: if president obama won on the fiscal cliff de
guest: we have had some deficit reduction. as the president laid out a couple days ago, we have had over $2 trillion. we had 1.5 trillion that came from previous actions. and then we added just a few days ago some further deficit reductions through some increased taxes on the very wealthy of this country. so we have already begun to undertake a deficit-reduction. to use that as a reason to use the debt ceiling as a weapon is really playing with fire. they say pay some bills and not pay others....
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Jan 20, 2013
01/13
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right now in front of congress and the country you have the need to reduce the deficit and continue to grow the economy, energy and climate change, immigration, gun safety. things are stacked up. and so i think that that is going to provide the sort of focus and energy you need and i think his intention is to run through the tape all the way through. >> gun safety has jumped to the top of the president's agenda since newtown and this week the president promised that the weight of his office behind these proposals, but we're already seeing a lot of resistance from democrats and i want to show some of the reaction this week. senator max baucus "before passing new laws we need a thoughtful debate that respects responsible law abiding gun owners in montana instead of one side fits all directives from washington. senator tim johnson, democrat of south dakota, "it makes common sense to not have one size fits all. senator mark begich, democrat of alaska, "i feel like it's going to be hard for they of these pieces of legislation to pass at this point." these are democrats. what is he going to
right now in front of congress and the country you have the need to reduce the deficit and continue to grow the economy, energy and climate change, immigration, gun safety. things are stacked up. and so i think that that is going to provide the sort of focus and energy you need and i think his intention is to run through the tape all the way through. >> gun safety has jumped to the top of the president's agenda since newtown and this week the president promised that the weight of his...
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Jan 21, 2013
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patrick marleau had two goals as san jose overcame an early 1- 0 deficit and beat the flames 4- 1. they play edmonton tomorrow and have their home opener on thursday. >>> play of the day, why not, frank gore, a couple of touchdowns and this one simple but it gave the 9ers the lead in the game after going down big time until the first half. they went onto beat atlanta and face the ravens in the super bowl february 3rd and better yet, we'll be remining you. it's on cbs 5 -- reminding you. it's on cbs 5 by the way,. >> that will be the holiday in a couple weeks. >>> the nation's capitol is a buzz this morning. >> the 57th presidential inauguration. we're going to check in with christin ayers who's live on the mall in washington dc when he we come back. >>> the 49ers are headed to the super bowl, fans are counting down the days to new orleans. we'll show you celebrations that went on in the bay and the last time our team played in the big game. >>> you're watching cbs 5 eyewitness news this morning. >>> good morning everyone. it's monday issue, january 21 january 21st, i'm michelle gri
patrick marleau had two goals as san jose overcame an early 1- 0 deficit and beat the flames 4- 1. they play edmonton tomorrow and have their home opener on thursday. >>> play of the day, why not, frank gore, a couple of touchdowns and this one simple but it gave the 9ers the lead in the game after going down big time until the first half. they went onto beat atlanta and face the ravens in the super bowl february 3rd and better yet, we'll be remining you. it's on cbs 5 -- reminding...
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Jan 21, 2013
01/13
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fixing the budget deficit, the federal budget was the most important to 13%. only 5% thought tax reform was important. and you may be looking at this poll and thinking, well, what happened to the war in afghanistan? well, there it is, it comes in at 4%, health care at 5% ending the war in afghanistan the most important priority for only 4% of the american people. but we should not ever forget that as we sit here today approximately 60,000 americans are fighting in afghanistan. the president is drawing those troops down but we have a long way to go yet in that war that is now more than ten years old. john dickerson our cbs news political director, he's down on the national mall, john, you see that 35% by far the largest majority of people in our poll think the president needs to be working on the economy. >> that's still the single most important issue for the president, much further down or much smaller percentage want them work on the deficit. really the deficit and getting the budget picture in order, ending these endless confrontations over the budget will
fixing the budget deficit, the federal budget was the most important to 13%. only 5% thought tax reform was important. and you may be looking at this poll and thinking, well, what happened to the war in afghanistan? well, there it is, it comes in at 4%, health care at 5% ending the war in afghanistan the most important priority for only 4% of the american people. but we should not ever forget that as we sit here today approximately 60,000 americans are fighting in afghanistan. the president is...
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Jan 21, 2013
01/13
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gun control, deficit reduction. as you said, waiting on the big details until the state of the union address. neil: you mentioned finding common ground. we may have gotten a hint on that when republicans said they would look at eight debt ceiling it ascension back ago, probably, three months. what do you make of that? don: they would be blamed, roundly, thoroughly if the country went into some kind of default. the strategy, as you have been reporting, has been to try to take this issue off the table and then fight the battle over spending cuts when you have a sequestration cuts scheduled to start march 1. the current resolution running the government also running out into her three months from now. as well as, the debt ceiling having to be raised yet again. republicans hope this is when they will be able to get the leverage to push spending cuts and entitlement reform. neil: you know, peter, what we look at -- how does that decide? there is a protocol. sitting in and around that i see ron emanuel sitting close to pr
gun control, deficit reduction. as you said, waiting on the big details until the state of the union address. neil: you mentioned finding common ground. we may have gotten a hint on that when republicans said they would look at eight debt ceiling it ascension back ago, probably, three months. what do you make of that? don: they would be blamed, roundly, thoroughly if the country went into some kind of default. the strategy, as you have been reporting, has been to try to take this issue off the...
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Jan 17, 2013
01/13
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lowered the deficit to 1.4% of gdp in 2022, stabilize the debt by 2015. it even further reduced discretionary spending. it builds on health reform savings and called for social security reform, and provided specific things to do to get social security solvent for the next 75 years here and also include fundamental tax reform that raise revenue. and raised quite a bit of revenue, 2.4 trillion of that 5.4 trillion would have been revenue, but revenue not required raising rates, but revenue that would come through reforming the tax code, reducing preferences, exclusions that are shot through the tax code, to actually be able to reduce rates and raise additional revenue. for anybody that wanted can you really do that, remember tax expenditures are running $1.2 trillion a year. we are spending more for the tax code than we are through all of the appropriate accounts of the federal government. this is what happens to the deficit in the share of gdp under the fiscal commission plan. you can see a dramatic improvement. the fiscal cliff plan, and what was just ado
lowered the deficit to 1.4% of gdp in 2022, stabilize the debt by 2015. it even further reduced discretionary spending. it builds on health reform savings and called for social security reform, and provided specific things to do to get social security solvent for the next 75 years here and also include fundamental tax reform that raise revenue. and raised quite a bit of revenue, 2.4 trillion of that 5.4 trillion would have been revenue, but revenue not required raising rates, but revenue that...
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Jan 21, 2013
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will get smaller. >> when it comes to the deficit in spending 83 percent were told they believe government spending is out of control that's up from 78 percent back in february 2010 and the next economic debate is whether to raise that debt ceiling. 69 percent of you said it should only be raised after major cuts are made where 23 percent say it would be reckless not to. it is coming up. >>> powerful wind gusts tearing through the midwest knocking down this frtree and causing ito fall into the house in ohio. luckily the people inside the home were in the basement so they were not injured. >>> with the stong winds comes a a -- strong winds comes a bitter cold snap. for more let's go to maria molina. >> we are not looking at cold temperatures across the areas of the midwest but also in the oifrt ea northeast. we didn't get this cold in places like the northeast. take a look at portions of the midwest. 6 below zero the current temperature in minneapolis. that is not the windchill. it feels even colder and some places will be looking at windchill temperatures more than 20 degrees below zero. w
will get smaller. >> when it comes to the deficit in spending 83 percent were told they believe government spending is out of control that's up from 78 percent back in february 2010 and the next economic debate is whether to raise that debt ceiling. 69 percent of you said it should only be raised after major cuts are made where 23 percent say it would be reckless not to. it is coming up. >>> powerful wind gusts tearing through the midwest knocking down this frtree and causing ito...
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Jan 17, 2013
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cutting the deficit. and oh, yeah, lowering unemployment. make no mistake about it. it's ambitious. but the president is entering his second term with a job approval among the highest since the early months of his presidency. his favorability rating has jumped nine point ins the last three months. at the very same time, the other side is fractured. destroying themselves. they're even threatening impeachment over the issue. we want all tools available to use including impeachment. >> could that build up to make a case for possible impeachment. >> all options should be on the table, undoubtly. >> and if that weren't enough, they're back. that's right, the birther brigade is stronger than ever. 64% of americans think president obama is hiding important information about his early life. 64%. no wonder the gop is going off the deep end. and no wonder the president is looking better than ever joining me now, jonathan kapart. thanks for coming on the show tonight. >> 64% is questioned about the president's early life. how do you explain that? well, look. 64% questioning the president's ear
cutting the deficit. and oh, yeah, lowering unemployment. make no mistake about it. it's ambitious. but the president is entering his second term with a job approval among the highest since the early months of his presidency. his favorability rating has jumped nine point ins the last three months. at the very same time, the other side is fractured. destroying themselves. they're even threatening impeachment over the issue. we want all tools available to use including impeachment. >> could...
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Jan 21, 2013
01/13
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you can't solve the financial deficit until they solve the trust deficit. maybe it's hopeful idealism. but maybe they made a small down payment today. >> i with us also thinking as i was watching the president review the troops, and you heard leon panetta talk about the first lady and jill biden and how much they have done for their troops and their families. but i'm willing thinking coming into this next phase, this is going to be a president that could have some difficult relationships with generals. he has always been concerned about the generals and not being overtaken by them. and he has spoken an awful lot about that as presidents have to make their own decisions, not be led too much by the generals. i think the nomination of chuck hagel is somebody who was a sergeant, whom he believes comes at the pentagon from the view of the bottom of the ladder, not at the top of the ladder. and so i think you're going to have some real issues. >> general stanley mcchrystal wrote about that actually in his new book. he talked about the deficit of trust they had ea
you can't solve the financial deficit until they solve the trust deficit. maybe it's hopeful idealism. but maybe they made a small down payment today. >> i with us also thinking as i was watching the president review the troops, and you heard leon panetta talk about the first lady and jill biden and how much they have done for their troops and their families. but i'm willing thinking coming into this next phase, this is going to be a president that could have some difficult relationships...
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Jan 21, 2013
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they're not tying it to any specific deficit cuts. that's a big win for the president. >> as far as the show goes. it was an hour long ceremony and then a big parade. that is a public event. the oath in inauguration and the balls and everything else. we had transactioners and --. >> it was a very tight ceremony. under stated, no real, i mean, beyonce did a great job. i think they oenlt had two official augal balls. to try to lead by example. presidents have done it historically during the great depression they cancelled all residential balls during the world wars they cancelled the balls how we as a country, we're going to lead by example. now, my fasht fact which was in grants was being inaugural. they didn't build it right and it was very cold so what happens was the shame pain turned -- ch am pagne turned into slushies and the birds all died. >> a couple of balls will be a little friend than that. >> there will be a parade coming up. we'll be carrying out for you live on our 24 hours bay channel. that starts at 10:45 this morning.
they're not tying it to any specific deficit cuts. that's a big win for the president. >> as far as the show goes. it was an hour long ceremony and then a big parade. that is a public event. the oath in inauguration and the balls and everything else. we had transactioners and --. >> it was a very tight ceremony. under stated, no real, i mean, beyonce did a great job. i think they oenlt had two official augal balls. to try to lead by example. presidents have done it historically...
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Jan 21, 2013
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i mean, america still has got to deal with its deficit. okay. we've gone over the cliff, now we have the debt ceiling. but, you know, even if they get over those two short-term problems, you still have got the problem of a massive deficit, which is going to have to be reigned in. at some point, you're going to get a fiscal squeeze in america and that is going to put a break on what is not very far from economic growth. i think you'll have that which is always something that is going to be there in the background. you have a lot of debt, as well, still in the private sector, which needs to be fluffed off. there's a deraef raejing that you've been seeing right across the western world is still going to go on, i think, for the best part of this decade. >> and we heard leading up to this election that rarely has a u.s. president been elected with such high levels of unemployment. what was different this time? >> oh, i think it had something to do with the candidate he was facing not being able to energize the public. but i also think, look, reflatio
i mean, america still has got to deal with its deficit. okay. we've gone over the cliff, now we have the debt ceiling. but, you know, even if they get over those two short-term problems, you still have got the problem of a massive deficit, which is going to have to be reigned in. at some point, you're going to get a fiscal squeeze in america and that is going to put a break on what is not very far from economic growth. i think you'll have that which is always something that is going to be there...